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Legislative Assembly for the ACT: 2015 Week 7 Hansard (4 June) . .

Page.. 2153..


Land—town centres (Question No 409)

Mr Coe asked the Minister for Urban Renewal, upon notice, on 5 May 2015:

In relation to the answer to Question Number 388

(10) In which town centres have blocks have been released by the LDA for development each financial year since 2001-2002.

(11) How much has been collected in Lease Variation Charges for blocks in town centres each financial year since 2001-2002, broken down by town centre.

Mr Barr: The answer to the member's question is as follows:

1. Please refer to Attachment A - Town Centre Land Release Data 2003 04 through to 2014 15. Land release data for 2001-2003 is not available.

2. For the period prior to 30 June 2011 - Nil. Lease Variation Charge (LVC) was introduced on 1 July 2011. Prior to this date, LVC was known as Change of Use Charge (CUC). Annual revenue received from CUC is available in published annual reports. Statistics for CUC revenue received in individual town centres was not collected.

Revenue collected for blocks in town centres since LVC was introduced is broken down below:

Belconnen: 2011-12 - $0 million 2012-13 - $0.055 million 2013-14 - $0.003 million YTD - $0.740 million TOTAL - $0.798 million

City: 2011-12 - $0.045 million 2012-13 - $0.084 million 2013-14 - $0.147 million YTD - $0.041 million TOTAL - $0.318 million

Gungahlin 2011-12 - $0 million 2012-13 - $0.127 million 2013-14 - $0.052 million YTD - $0.367 million TOTAL - $0.546 million

Tuggeranong 2011-12 - $0.215 million 2012-13 - $0 million 2013-14 - $0.003 million YTD - $0.004 million TOTAL - $0.222 million


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